Austin-Area Samsung Supplier Hopes to Receive Major Incentive Package
Toppan Photomasks did not receive the lucrative Chapter 313 tax breaks so widely granted in Texas towns. But after a year of waiting, it may receive a big enough incentive package from Round Rock and Williamson County, that it now might be worth moving forward on a $185 million expansion of its manufacturing plant. The company, which makes products for the semiconductor business, counts nearby Samsung and Advance Microsystems, as clients. Samsung expects to sink over $180 billion in new plants at its site in nearby Taylor.
The Austin Business Journal reports the company will be considered for a $1.25 million incentive package at an upcoming meeting of town and county economic development officials. Toppan’s plans include a three-phased overhaul of its existing facility at 400 Texas Ave., with roughly $28 million in real property improvements and $157 million in business property investments by Dec. 31, 2029. It could add 50 employees to its current headcount of 231.